Clean Max Enviro Energy IPO Opens Feb 23; Issue Trimmed to Rs 3,100 Cr

• Brookfield-backed Clean Max Enviro Energy Solutions IPO to open for subscription on February 23.
• The issue size has been trimmed to Rs 3,100 crore, down from an earlier planned Rs 5,200 crore.
• Price band fixed at Rs 1,000-1,053 per share; anchor book opens February 20, closes February 25.
• IPO comprises a fresh issue of Rs 1,200 crore and an offer-for-sale of Rs 1,900 crore.
• Company raised Rs 1,185 crore pre-IPO from investors including Temasek Holdings and Bain Capital Advisors.